Insider Buying: Team (NYSE:TISI) CEO Acquires $100,000.00 in Stock

Team, Inc. (NYSE:TISI) CEO Gary Hill purchased 6,250 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $16.00 per share, for a total transaction of $100,000.00. Following the purchase, the chief executive officer directly owned 51,687 shares in the company, valued at $826,992. This represents a 13.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Team Trading Up 5.2%

Shares of TISI opened at $17.88 on Friday. The business’s 50-day moving average price is $16.47 and its 200 day moving average price is $15.19. The stock has a market capitalization of $81.71 million, a P/E ratio of -2.18 and a beta of 1.03. Team, Inc. has a 1-year low of $12.34 and a 1-year high of $21.33.

Team (NYSE:TISI) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.94) by $3.18. The company had revenue of $215.06 million during the quarter, compared to analysts’ expectations of $208.88 million.

Trending Headlines about Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: CEO Gary L. Hill purchased 6,250 shares of Team, Inc. stock at an average price of $16.00, a $100,000 buy that increased his ownership by 13.76%. Insider buying by a chief executive is often viewed as a vote of confidence in the company’s outlook and can support the shares. SEC filing
• Neutral Sentiment: The company’s most recent earnings report showed a narrower-than-expected loss and revenue above estimates, which still provides some fundamental support for the stock. Team reported EPS of -$2.76 versus expectations of -$5.94, on revenue of $215.06 million versus $208.88 million expected.
• Neutral Sentiment: There were no major new operational announcements in the latest news flow specifically tied to Team, Inc., so trading today is likely being influenced more by sentiment and insider activity than by new business developments.

Hedge Funds Weigh In On Team

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP grew its stake in Team by 5.1% during the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 834 shares in the last quarter. Vanguard Group Inc. grew its stake in Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after acquiring an additional 2,667 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Team during the 3rd quarter valued at about $188,000. DRW Securities LLC purchased a new position in Team during the 4th quarter valued at about $168,000. Finally, Corre Partners Management LLC grew its stake in Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after acquiring an additional 17,030 shares in the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Team has a consensus rating of “Sell”.

About Team

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.